Posts Tagged ‘Minnesota bankruptcy attorney’

Trying To Preserve Home Ownership

Saturday, February 5th, 2011

During rough financial circumstances some  people skip making a mortgage payment to use the money for some other matter or just cannot afford to make a payment.  No matter what the reason skipping mortgage payments can be a recipe for severe financial problems.  It not only puts a debtor behind in paying off a home but hurts his or her credit.  The result of this loss of credibility is to move him or her closer to facing the threat of losing a home in foreclosure.  Some people ignore this danger and just refuse to recognize the danger until they get notice of foreclosure.  Other people worry about it a great deal of the time but still do nothing to correct the problem.    Some homeowners believe that the loss of his or her home  is inevitable so that there is nothing that can be done about it.  Some people even have the misconception that if they file for bankruptcy they will automatically lose their home.  None of these approaches are likely to lead to preserving the ownership in a home where the required payments on a mortgage have not been done. Whether a consumer does nothing about losing a home because they are paralyzed with fear or put off trying to proceed with a bankruptcy out of the fear that it would bring about an automatic loss of their home, it is not the appropriate way to look at the situation.  Consumers should in a timely manner review all available avenues for debt resolution.   Each homeowners situation calls for its own evaluation of what is the best way to handle debt problems.  A homeowner who has mortgage payment difficulties should have a comprehensive debt appraisal done of his or her financial picture to determine whether he or she may be able to keep ownership of a home subsequent to filing for bankruptcy relief.  It is a sound idea for homeowners to contact a Minnesota law firm to set up an appointment to meet with a Minnesota bankruptcy attorney who can provide potential legal help.  Prompt legal attention to dealing with debt problems may lead to a greater chance to preserve home ownership.

This blog is not intended to give legal advice and does not do so.  The reading of this blog does not establish an attorney-client relationship or substitute for consulting with a licensed lawyer.

We are a debt relief agency.  We help people file for debt relief under the bankruptcy code.

Discrimination can cause Financial Difficulties

Wednesday, January 19th, 2011

People can experience severe financial difficulties for many different reasons.  One of the more egregious causes of financial problems is  illegal discrimination.   People who are looking for employment and people who are employed may find that there income is damaged because of employment discrimination.  This discrimination can negatively impact a person not only financially, but emotionally.  Discrimination in employment matters includes age, race, gender, sexual preference and religion.   People  often find that they are discriminated against by employers causing them to have financial difficulties.   This abusive discrimination by employer’s can harm an employee’s productivity, initiative, earning capacity, self-image, reputation and emotional state of mind. It may take the form of out of discrimination failing to give a  worker adequate job responsibilities, demotions, lack of promotions, unfair criticism and offensive discriminatory remarks by other employees.  In some situations employers use pre-textual acts to force a victim of discrimination out of his or her job.  Having to put up with illegal discrimination on a regular basis either in looking for a job or on the job can be intimidating, exhausting, emotionally damaging, and can have long-term effects on a person’s health, career, and life.  Workers do, however, have a legal right to be free from  illegal discrimination and do not have to tolerate it.  The law protects workers from illegal discrimination. People who believe they have been the victim of unlawful discrimination should move in a timely manner to get relief. A worker who is the victim of  illegal discrimination can seek legal help from a Minnesota lawyer who can advise him or her on potential avenues of  relief from illegal employment discrimination.  If an a person also is experiencing severe financial difficulties he or she can consult with a Minnesota bankruptcy attorney who can go over bankruptcy alternatives.  It is important when a person has more than one legal problem to coordinate all legally related activities.  In setting up an appointment with a Twin Cities law firm to see a Minnesota attorney it is important to let the firm know all types of legal services that a person may be interested in exploring.  At a meeting with a bankruptcy lawyer a consumer can get a bankruptcy evaluation that includes the means test.  A qualified debtor can go over the suitability of pursuing a Chapter 7 or Chapter 13 bankruptcy.  Debtor’s should not hesitate to discuss bankruptcy with a Minneapolis bankruptcy attorney or St. Paul bankruptcy attorney because of misconceptions.  There are a number of  bankruptcy myths that are not true, but if believed may keep an eligible debtor from getting needed relief.  Prompt attention to getting legal assistance can lead a person to potentially getting a fresh start.

The information you obtain on this blog is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation.  Reading this blog does not create an attorney-client relationship.

We are a debt relief agency.  We help people file for relief.

Ways Of Handling Money That Can Lead To Bankruptcy

Sunday, January 9th, 2011

There are ways of handling money that can lead to a need for debt relief.  These financial approaches by consumers are common causes of personal bankruptcy.  The following ways of handling money can lead to serious financial problems including the need to declare bankruptcy:
•    Making purchases based on what you want rather than what you need.
•    Making large purchases that are beyond your current ability to pay for them.
•    Purchasing things under payment arrangements that call for high interest rates.
•    Purchasing items with a credit card that you cannot afford to pay for with cash.
•    Utilizing a credit card to pay on a bill and/or bills due on other credit cards
•    Inattention to the interest rate that a credit card carries with it.
•    Spending beyond the credit limit set by an account and incurring charges for being over the limit.
•    Being late on paying your credit card causing late fees to be charged.
•    Paying only the minimum payment due on a credit card.
•    Failing to keep have savings funds to cover a financial emergency
•    Not making mortgage payments on time
•    Failure to make timely motor vehicle payments
•    Not following a monthly budget for regular expected expenses.
•    Spending more money yearly than income that is received.
•    Procrastinating on try to improve and/or eliminate debt problems

Some people put off attending to money problems with the idea that things will get better over time.  This approach may lead to even more serious financial problems as time goes on.  Money problems should be promptly attended to by a consumer.  Procrastination on attending to money problems can lead to judgments against a consumer, garnishment, repossession and foreclosure. If a consumer finds that his or her resources are insufficient to deal with the problem then professional legal assistance should be sought to deal with the situation.  Consumers who are considering bankruptcy can contact a Twin Cities law firm that has a bankruptcy service.  The law office can set up a meeting for the consumer to discuss bankruptcy with a Minneapolis bankruptcy attorney or St. Paul bankruptcy.   A meeting with a Twin Cities bankruptcy attorney can be useful in determining potential avenues of relief.  At a meeting with a bankruptcy lawyer there can be a discussion of bankruptcy alternatives.  A consumer can at a meeting with a Minnesota bankruptcy attorney to  explore potential legal help including relief under Chapter 7 or Chapter 13 of the federal bankruptcy law or, if a consumer is a Wisconsin resident under Wisconsin Chapter 128. People who face serious debt problems should not procrastinate, but rather move promptly to find a way to improve the situation.

This blog is not intended to give legal advice and does not do so.  The reading of the blog does not establish an attorney-client relationship.

We are a debt relief agency. We help people file for relief under the Bankruptcy Code.

Fear Of New Bankruptcy Law

Saturday, January 1st, 2011

There is a mistaken notion among some consumers that the so called new bankruptcy law eliminates personal bankruptcy.  This is not the case.  Consumer’s should not fear  the new bankruptcy law.  While the bankruptcy reform act, which many refer to as the new bankruptcy law, made numerous changes to the bankruptcy code, the truth is that most people will still be able to qualify for either a chapter 7 bankruptcy or a chapter 13 bankruptcy.  In assessing whether an individual or a husband and wife can qualify for bankruptcy, it is important to understand the qualifications and requirements that apply to each type of bankruptcy and how those qualifications and requirements apply to each person’s financial situation.  Listening to the myths about the bankruptcy law changes instead of meeting with a knowledgeable and experienced bankruptcy lawyer to discuss debt problems can be harmful.  Another common misconception is that it is extremely difficult to file bankruptcy.   This is not accurate.  While it is true the bankruptcy code can be complicated and that it may be difficult to understand how the bankruptcy code applies to a particular individual’s situation, the reality is that it is not extremely difficult to file bankruptcy.  Filing bankruptcy, however, does require a commitment on the part of the consumer to provide complete and accurate information so that the documents necessary to file for bankruptcy can be properly and accurately prepared.  The  bankruptcy process can be made easier by the assistance of an experienced Minneapolis bankruptcy lawyer or St. Paul bankruptcy attorney who understands what  is needed for each type of bankruptcy.  It can be very useful for a consumer experiencing deep financial problems to contact a Twin Cities law firm who can arrange for him or her to meet with a Minnesota bankruptcy attorney.  A meeting with an experienced Minnesota lawyer may be the first step to debt resolution.

We are a debt-relief agency. We help people file for relief under the bankruptcy code.

Limits on Creditor Collection Efforts

Wednesday, December 29th, 2010

Consumers often complain about the alleged lack of  protection against creditor collection efforts.  In reality creditors do not have unlimited rights in pursuing collection.  A debtor does have legal rights.  It is important for debtors to understand that there are legal limits on creditors.  A creditor must still act within the confines of the law in dealing with a debtor.  A consumer has  legal rights such as the right to defend against spurious claims, pursue a breach of promise by a creditor, challenge accounting errors, pursue fraud claims and defend against legally unacceptable behavior by collection agencies.   Consumers who have been legally wronged by a creditor may have a basis to pursue civil litigation.   Debtors may also be eligible for debt relief that could lead to a new beginning for them.  Consumers who feel the sting of harassing collection efforts can contact a Twin Cities law firm that has a bankruptcy service to set up a meeting with a Minneapolis bankruptcy attorney or St. Paul bankruptcy attorney who can provide debtor information.  A  Minnesota bankruptcy attorney can go over with a debtor the legal limits on creditors and can assist a consumer evaluate legal options that may be available to receive debt relief.  An experienced Twin Cities bankruptcy attorney can discuss bankruptcy alternatives with a consumer.   A qualified consumer can pursue bankruptcy if desired as a form of debt resolution.

We are a debt relief agency. We help people file for relief under the bankruptcy code.

Bankruptcy Assessment In Minnesota

Sunday, December 26th, 2010


A person or couple who want to do a bankruptcy must be eligible to do so under prevailing bankruptcy law.  In looking at declaring a bankruptcy there should be a bankruptcy assessment which is a review of a person or couple’s financial situation.  The bankruptcy assessment is an evaluation of a person’s financial situation to determine if he or she are qualified to file bankruptcy. At the time of conducting the bankruptcy evaluation the twin cities bankruptcy attorney can also conduct a bankruptcy means test.   Debtor’s troubled by growing financial pressures can seek out potential debt relief through the legal help of a Minnesota bankruptcy attorney who can conduct a bankruptcy assessment.  A person or couple can set up a time to meet with a Minneapolis bankruptcy attorney or St. Paul bankruptcy attorney who will go over the relevant financial situation to help a person considering doing a bankruptcy. At that meeting with a bankruptcy lawyer some of the considerations will be debt a consumer  may owe on both secured and unsecured assets, what assets are  owned and what is owed on the asset, ability to meet current obligations, threat of repossession, garnishment and/or foreclosure.   A Twin Cities law firm who offers a bankruptcy service is a good place to start to look for a Minnesota lawyer who can do a bankruptcy evaluation and provide legal assistance with doing the bankruptcy  if the debtor is qualified to do so.

This blog is not intended to provide legal assistance and does not do so.

We are a debt relief agency. We help people file for relief under the bankruptcy code.

Fear Of Losing Property In Bankruptcy

Saturday, December 18th, 2010

Sometimes people who are feeling tremendous financial pressures refuse to consider bankruptcy because they fear a loss of property in bankruptcy.  This fear is based in part on the bankruptcy myth that once you declare bankruptcy you will automatically lose all of that you own.  This misconception ignores the fact that there are legal exemptions that apply in bankruptcy that may be helpful in keeping property.  Rather than give up exploring debt relief through bankruptcy a consumer should contact a Twin Cities law firm that offers a bankruptcy service and arrange for a conference with a Minnesota Bankruptcy attorney.  A Minneapolis bankruptcy attorney or St. Paul bankruptcy attorney can explain to a debtor  how exemptions work in bankruptcy. A Twin Cities bankruptcy attorney can do a bankruptcy evaluation with the means test to determine a debtor’s eligibility for filing bankruptcy as well as appraising  the proper use of exemptions.  A consumer may find that his or her worst fears of losing property were baseless and that a bankruptcy may provide a chance for a fresh start.

We are a debt relief agency, we help people file for relief under the bankruptcy code.

Factors Contributing To Bankruptcy

Friday, December 17th, 2010

A number of factors may contribute to the decision to do a bankruptcy. Doing a personal bankruptcy is an important step that should be carefully assessed by a debtor.  Generally consumers have a number of different financial pressures that lead to the decision to declare bankruptcy including:

The forgoing economic factors can so drag down a person that he or she feels the only potential for debt relief is through declaring bankruptcy. A debtor experiencing deep financial problems can contact a Twin Cities law firm to meet with a Minnesota bankruptcy attorney who can help a person explore bankruptcy alternativesFiling bankruptcy can not only provide debt resolution but give a debtor a chance for a new start.

Home Improvement pitfalls

Wednesday, December 15th, 2010

Many times a consumer gets into deep financial trouble as a result of spending money on home improvement.  While it may be important to make improvement in a house it must be remembered that the cost of doing so can easily get  away from people and can lead to severe financial strain.  Sometimes people make the mistake of overspending on home improvement.  They take money that otherwise needs to be spent paying other bills and using it to pay for fixing up the house.  Money that is needed to pay on a mortgage, credit cards, medical bills, motor vehicle loan and other necessary expenses should never be diverted for fixing up a home.  If a consumer is going to hire a contractor he or she should do a thorough review of the person’s business conduct  to help minimize the risk that there will be no significant difficulties later with overcharging, poor work, that the work does not get done, or other problems.  A consumer should get a list of former clients from the contractor and contact these people to get references.  Among the questions that should be asked is what work was done by the contractor?, was the customer comfortable with the work that was done?, was work done to a high quality standard?, were there excessive unexpected costs?, was all work done on time?, was it difficult to contact the contractor?, what work would the former customer have liked to have been done differently?, what have other people said about the work that was done?, would the former customer hire the contractor again and how reasonable were the costs that were charged?  The forgoing are only some of the questions that should be asked.  If a consumer is already in debt than home improvement may not be the best course since it could lead to bankruptcy.  A consumer that needs debt relief should review bankruptcy alternatives with an experienced Minnesota attorney.  A Twin Cities law firm can be contacted to arrange for a meeting with a Minnesota bankruptcy attorney.  At the meeting with the bankruptcy lawyer the consumer can discuss his or her financial situation and gather helpful debtor information.  A Minneapolis bankruptcy attorney or St. Paul bankruptcy attorney can provide legal assistance to a consumer in choosing the right course to follow to potentially achieve debt resolution.

This blog is not intended to provide legal advice and does not do so.

We are a debt relief agency. We help people file for relief under the Bankruptcy Code.

Exploring Debt Resolution Avenues

Tuesday, December 14th, 2010

Today’s tough economic times can be extremely hard on consumers.  Creditors often fail to recognize that a debtor may be trying hard to pay bills and will do so, but needs a little flexibility to do so.  Unfortunately, many creditors are not willing to recognize this need for flexibility and/or be reasonable in working toward making workable payment arrangements.  Consumers need not despair because there may be debt relief.  It is often a worthwhile pursuit to explore debt resolution avenues.  There are  Minnesota law offices that offer a bankruptcy service that can help debtors review bankruptcy alternatives.  A Minneapolis bankruptcy attorney or St. Paul bankruptcy attorney can go over a consumers financial situation and help determine what the potential is for debt resolution.  who understood the legal difficulties encountered by debtors. These twin cities bankruptcy attorneys have assisted many debtors with financial legal difficulties and helped them assess available bankruptcy alternatives. When people are having problems making ends meet, it is important that they are well informed about all legal remedies for debt relief, including bankruptcy alternatives.  No  two situations are alike so  that every consumer’s situation requires a careful analysis of the facts and appropriate laws that come into play.  A Minnesota  attorney can  provide sound counsel to help alleviate a debtor’s financial problems, including:

If a consumer can not get debt resolution by one of the forgoing legal approaches then he or she can  also explore whether filing a Chapter 7 or Chapter 13 bankruptcy would be helpful.  In order to do so a consumer must however, be qualified under the law to do so.  A Minnesota bankruptcy lawyer can do a bankruptcy evaluation with the means test to help a debtor find out his or her eligibility for filing bankruptcy. Timely attention to dealing with debt related  legal problems may result in satisfactory debt resolution.

We are a debt-relief agency. We help people file for relief under the bankruptcy code.